Sterling Infrastructure (NASDAQ:STRL) Releases FY 2025 Earnings Guidance

Key Points

• Sterling Infrastructure has issued FY 2025 earnings per share guidance of 9.430-9.710, exceeding the consensus estimate of 9.250, and revenue guidance of $2.2 billion-$2.3 billion, slightly below the consensus estimate.
• Analysts have upgraded the stock's rating, with Zacks raising it to "strong-buy" and DA Davidson increasing the target price from $265.00 to $355.00.
• Institutional investors now hold 80.95% of Sterling Infrastructure's stock, with significant increases in holdings from major firms like State Street Corp and Ameriprise Financial.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 9.430-9.710 for the period, compared to the consensus estimate of 9.250. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.3 billion.

Sterling Infrastructure Trading Up 2.0%

NASDAQ:STRL opened at $367.39 on Tuesday. The firm has a market cap of $11.18 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 2.67 and a beta of 1.35. The stock has a fifty day moving average price of $285.29 and a 200 day moving average price of $210.94. Sterling Infrastructure has a 12-month low of $96.34 and a 12-month high of $368.27. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. DA Davidson lifted their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $355.00.

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its holdings in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company's stock worth $261,129,000 after acquiring an additional 433,311 shares during the period. Ameriprise Financial Inc. lifted its stake in Sterling Infrastructure by 29.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 353,958 shares of the construction company's stock valued at $81,669,000 after buying an additional 80,481 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Sterling Infrastructure by 32.8% in the 2nd quarter. Raymond James Financial Inc. now owns 147,735 shares of the construction company's stock valued at $34,087,000 after buying an additional 36,481 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in Sterling Infrastructure in the 2nd quarter valued at approximately $23,933,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company's stock valued at $9,508,000 after buying an additional 9,625 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.

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